American International Group Inc. increased its position in Calpine Co. (NYSE:CPN) by 61.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,761 shares of the utilities provider’s stock after acquiring an additional 7,521 shares during the quarter. American International Group Inc.’s holdings in Calpine were worth $299,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in CPN. Gamco Investors INC. ET AL bought a new position in shares of Calpine in the third quarter valued at approximately $3,022,000. Swiss National Bank lifted its position in Calpine by 5.8% during the third quarter. Swiss National Bank now owns 636,500 shares of the utilities provider’s stock valued at $9,388,000 after purchasing an additional 35,100 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in Calpine by 3,735.9% during the third quarter. BNP Paribas Arbitrage SA now owns 1,004,160 shares of the utilities provider’s stock valued at $14,811,000 after purchasing an additional 977,982 shares during the last quarter. Opera Trading Capital bought a new stake in Calpine during the third quarter valued at approximately $502,000. Finally, SG Americas Securities LLC lifted its position in Calpine by 2,178.6% during the third quarter. SG Americas Securities LLC now owns 1,044,058 shares of the utilities provider’s stock valued at $15,400,000 after purchasing an additional 998,237 shares during the last quarter. Institutional investors own 78.35% of the company’s stock.
CPN has been the subject of several research analyst reports. SunTrust Banks reiterated a “hold” rating on shares of Calpine in a research report on Wednesday, March 7th. ValuEngine upgraded shares of Calpine from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, Zacks Investment Research lowered shares of Calpine from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $14.75.
Shares of Calpine Co. (CPN) opened at $15.25 on Tuesday. The stock has a market cap of $5,500.00 and a P/E ratio of -15.89. Calpine Co. has a 1 year low of $9.30 and a 1 year high of $15.25. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.96 and a current ratio of 1.23.
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Calpine Corporation is a power generation company. The Company is engaged in the ownership and operation of primarily natural gas-fired and geothermal power plants in North America. The Company’s segments include West (including geothermal), Texas and East (including Canada). In the Northeast and Mid-Atlantic regions, the Company has generating units capable of burning either natural gas or fuel oil.
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